E-Commerce Landscape Shifting Towards “New Luxury” Goods While many consumers remain focused on prestige pieces that will retain their worth, young consumers are racing to purchase “new luxury” accessories like high-priced handbags and shoes, according to a study just released by PM Digital, a New York-based digital marketing agency. This is among the findings in … Read more
Luxury sellers look to Latin America Latin America is viewed as a growth market for luxury products, said media and marketing executives who attended the Festival of Media Latam in Miami Beach. As growth in mature markets around the world slows and disposable income increases in Latin America, “now all the luxury brands need Latin … Read more
Luxury Institute’s trends for 2012: The luxury industry players are asking the same question: How much will last the relative growth registered in 2011? Luxury Institute, after an actionable research with wealthy consumers, presented its annually report on trends that all luxury brands should follow the next year: 1. The Annual Luxury Brand Check-Up Emerges … Read more
Interbrand, a leading brand consultancy, released its Best Global Brands report for 2011. The report is based on a unique methodology that analyzes three key aspects that contribute to a brand’s value: the financial performance of the branded products or services; the role of brand in the purchase decision process; the strength of the brand … Read more
The debt crisis “will definitely have an impact on consumption” of luxury goods Luxury-goods companies should brace for weaker growth in 2012 as Europe’s sovereign debt crisis leads to a slowdown in spending, according to Gianluca Brozzetti, chief executive officer for designer Roberto Cavalli. “To say it won’t have an effect is madness,” Brozzetti … Read more
Hermes says buying power of luxury clients unchanged French luxury goods maker Hermes sees no sign yet of affluent buyers tightening their purse strings in spite of a somber global economic outlook, the head of the brand said at Paris Fashion Week. The luxury goods industry continues to grow at a solid pace thanks to … Read more